Managers May Be Referred to as 'Administrators',especially in Not-For-Profit Organisations

question 50

True/False

Managers may be referred to as 'administrators',especially in not-for-profit organisations.

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Definitions:

Rescission

The act of unilaterally terminating a contract and returning all parties involved to the positions they were in prior to entering the contract.

Pre-Approved

Describes a preliminary endorsement, often in the context of finance, indicating eligibility for certain benefits or offers without final authorization.

Death Benefit

A sum of money paid by an insurance policy or retirement plan to the beneficiary upon the death of the insured person or plan holder.

Losses

The negative financial impact that occurs when expenses exceed revenues, or due to unforeseen events or damages.